FINAL REMINDER: PARTICIPATE IN THE NATIONAL MORTGAGE SETTLEMENT!
In February 2012, 49 state attorneys general, including Nevada’s AG, and the federal government announced a historic joint state-federal settlement with the country’s five largest mortgage servicers: •Ally/GMAC •Bank of America •Citi •JPMorgan Chase •Wells Fargo This is the largest consumer financial protection settlement in US history. The agreement settles state and federal investigations finding […]
Black & LoBello on AM720 KDWN
Click here to listen to the Legal Hour on KDWN AM720 from November 7th, 2012 in which Managing Partner, Tisha Black Chernine, Esq., hosts special guest, Bubba Grimsley, Esq., an attorney licensed in Alabama. Mrs. Black Chernine and Mr. Grimsley discuss post-election issues (2:40), voters’ decision making process (3:45), misplaced priorities between domestic vs. foreign issues (6:00), results of […]
The Multi-State Settlement Part 1 of 3: What Has Happened
Wall Street knew all of the mortgages were bad when they created or bought and sold them. Furthermore, they knew the warranties of quality they made regarding the caliber of the loans, whether to the certificate purchasers of the Residential Mortgage Backed Securities (“RMBS”) pools or the Government Sponsored Entities (“GSE”), were meaningless when they […]
Black & LoBello on AM720 KDWN
Click here to listen to the Legal Hour on KDWN AM720 from January 11th, 2012 in which Managing Partner, Tisha Black Chernine, Esq., discusses breach-of-contract issues (3:05), short sale approval during the foreclosure process (5:34), if quit claiming fix credit issues (11:00), how safe is it to refinance (15:20), New York’s investigation forced placed insurance policies (19:50)(31:10), how the […]
Wells Fargo in Trouble With the Fed
Last Wednesday, the Federal Reserve issued a consent cease and desist order and assessed an $85 million civil money penalty against Wells Fargo & Company of San Francisco, a registered bank holding company, and Wells Fargo Financial, Inc., of Des Moines. This has been a long-time coming since the Federal Reserve began its investigation into […]
NV Supreme Court Strikes Blow to Banks for Homeowners
The Nevada Supreme Court recently addressed a critical issue involving the Foreclosure Mediation Rules in the case of Leyva v. National Default Servicing Corp., App. No. 55216, Appeal from the Clark Co. District Court, A-10-600-651, 127Nev. ___, ___ P.3d ___ (Adv. Op. No. 40, July 7, 2011). The issue relates to the obligation of the […]
Government Programs and Principal Reductions
Treasury officials confirmed that the Administration was examining principal reduction as a tool in the modification arsenal. Shortly thereafter, Bank of America unveiled a principal reduction program for borrowers whose LTV ratios are more than 120% (which is a large percentage of Nevadans as approximately 62% of our market is thought to be underwater). Hopes […]
Tisha Black Chernine talks to KKLZ
Click here to hear a clip from the KKLZ radio show in which Tisha Black Chernine, Esq., explains why banks stopped some foreclosure proceedings due to not being able to produce proper documentation.
Testimony in the Hearing on the TARP Foreclosure Mitigation Program
Click here to read Katherine Porter’s testimony before the Congressional Oversight Panel at the Hearing on the TARP Foreclosure Mitigation Program in which she describes how the allegations of legal errors in the foreclosure process may impact the housing markets, the soundness of banks, and the overall financial markets.
Huffington Post Article: Tom Miller says, “We Will Put People In Jail” For Foreclosure Fraud
The leader of a nationwide investigation of foreclosure fraud told homeowners Tuesday that the probe will have some serious consequences for bankers. To read the full article click here.